Available to existing salary account holders, based on salary domiciliation.

New customers, will in addition to salary domiciliation, provide evidence of consistent salary payment for most recent 3 months.

Maximum loan amount is 7 multiples of net monthly salary, subject to a maximum of N2 million

Maximum loan tenor of 36 months.

Loan Top-up available after 6 months of regular monthly down payments.

Available to confirmed employees only.

Apply for loans & overdrafts at the convenience of your office

Short turnaround time for loan & overdraft disbursement (48 hours)

Zero account maintenance fee on the current account

Access to mobile & Internet Banking services

Duly completed loan application form & executed offer section

Letter of Introduction signed by an authorized signatory of employer

Irrevocable letter of salary domiciliation (duly executed by employer’s authorized signatory). Please note that the signatories must be independently verified by a representative of Wema Bank

Proof of income (3 months’ pay slip or 3 months account statement)

Proof of address (Physical visitation and report by bank representative) supported with a copy of recent utility bill

Proof of identity (Staff ID is acceptable but National ID, International Passport or Driver’s License may be required where necessary)